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Ukraine Raises Over $100,000 From Cryptopunk NFT Sale – Bitcoin News

The authorities of Ukraine has offered a Cryptopunk NFT donated in assist of the war-torn nation just a few months in the past. The token has been bought by an unidentified purchaser who spent greater than $100,000 in ethereum for the collectible, the nation’s digital transformation ministry mentioned.

Ukraine Government Sells Donated Cryptopunk Token for 90 ETH

Ukrainian authorities have raised over $100,000 from the sale of a Cryptopunk non-fungible token (NFT), Minister of Digital Transformation Mykhailo Fedorov and his deputy, Alexander Bornyakov, introduced on social media. The distinctive collectible was acquired by an unknown investor for 90 ethers (ETH).

The NFT, Cryptopunk #5364, was donated to the Aid for Ukraine crypto fundraising marketing campaign in early March. At the time, Bornyakov tweeted it was value 56 ETH however the worth of ethereum and different cryptocurrencies was considerably increased earlier than the most recent crypto market droop.

The East European nation, a former Soviet republic, was invaded by its a lot bigger neighbor, Russia, within the early hours of Feb. 24. The authorities in Kyiv and plenty of volunteer organizations have since more and more relied on crypto donations, together with NFTs. The nation has already collected hundreds of thousands of {dollars} to fund its protection and humanitarian efforts.

The international crypto neighborhood continues to assist Ukraine, Alex Bornyakov famous in a tweet on Monday, asserting the sale of the token from the Cryptopunk assortment. “Just wanted to thank crypto community for such generous donations,” Mykhailo Fedorov, who additionally serves as Ukraine’s Vice Prime Minister, tweeted on Tuesday.

Cryptopunks is an NFT assortment on the Ethereum blockchain. Launched in 2017, the project provided a few of the first crypto collectibles. Cryptopunk #5364 will not be the primary non-fungible token used to gather funds for Ukraine. In March, the sale of an NFT of the Ukrainian flag raised over $6.7 million in ethereum.

You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.

Tags on this story
Collectible, battle, Crypto, Cryptocurrencies, Cryptocurrency, cryptopunk, Cryptopunk NFT, Donation, donations, fundraising, Funds, nft, NFTs, Russia, russian, Token, Tokens, Ukraine, ukrainian, War

What do you concentrate on Ukraine’s resolution to promote the Cryptopunk NFT now? Tell us within the feedback part under.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, worldwide politics and economics are two different sources of inspiration.

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